Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 No. 99 of 1992 - SECT 17

Competitiveness test for project expenditure
17. For the purposes of this Act, expenditure incurred, or proposed to be
incurred, by an entity in carrying out a project passes the competitiveness
test if the DAA is satisfied that:

   (a)  in any case:
    (i)    the labour relations aspects of the carrying out
of the project substantially reflect world best practice; and
    (ii)   the labour relations aspects of the operation of
the productive facility or facilities concerned substantially reflect world
best practice; and

        (iii)  the prices of significant inputs (other than labour and capital
               inputs) for use in the operation of the productive facility or
               facilities concerned are economic and efficient; and

   (b)  if the project is part of a joint venture project:

        (i)    the labour relations aspects of the carrying out of the
               joint venture project substantially reflect world best
               practice; and

        (ii)   the labour relations aspects of the operation of the
               productive facility or facilities to which the
               joint venture project relates substantially reflect world best
               practice; and

        (iii)  the prices of significant inputs (other than labour and capital
               inputs) for use in the operation of the productive facility or
               facilities to which the joint venture project relates are
               economic and efficient; and

   (c)  if the project is part of a company group project scheme:

        (i)    the labour relations aspects of the carrying out of each other
               project to which the scheme relates substantially reflect world
               best practice; and

        (ii)   the labour relations aspects of the operation of each other
               productive facility or facilities to which the scheme relates
               substantially reflect world best practice; and

        (iii)  the prices of significant inputs (other than labour and capital
               inputs) for use in the operation of each other productive
               facility or facilities to which the scheme relates are economic
               and efficient. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback